2023 Fourth Quarter Investor Presentation
Basis of Presentation
Use of Non-GAAP Financial Measures
This document contains GAAP financial measures and non-GAAP financial measures where management believes it to be helpful in
understanding Huntington's results of operations or financial position. Where non-GAAP financial measures are used, the comparable
GAAP financial measure, as well as the reconciliation to the comparable GAAP financial measure, can be found in this document,
conference call slides, or the Form 8-K related to this document, all of which can be found in the Investor Relations section of Huntington's
website, http://www.huntington.com.
Annualized Data
Certain returns, yields, performance ratios, or quarterly growth rates are presented on an "annualized" basis. This is done for analytical
and decision-making purposes to better discern underlying performance trends when compared to full-year or year-over-year amounts.
For example, loan and deposit growth rates, as well as net charge-off percentages, are most often expressed in terms of an annual rate
like 8%. As such, a 2% growth rate for a quarter would represent an annualized 8% growth rate.
Fully-Taxable Equivalent Interest Income and Net Interest Margin
Income from tax-exempt earning assets is increased by an amount equivalent to the taxes that would have been paid if this income had
been taxable at statutory rates. This adjustment puts all earning assets, most notably tax-exempt municipal securities and certain lease
assets, on a common basis that facilitates comparison of results to results of competitors.
Earnings per Share Equivalent Data
Notable income or expense items may be expressed on a per common share basis. This is done for analytical and decision-making
purposes to better discern underlying trends in total corporate earnings per share performance excluding the impact of such items.
Investors may also find this information helpful in their evaluation of our financial performance against published earnings per share
mean estimate amounts, which typically exclude the impact of Notable Items. Earnings per share equivalents are usually calculated by
applying an effective tax rate to a pre-tax amount to derive an after-tax amount, which is divided by the average shares outstanding
during the respective reporting period. Occasionally, when the item involves special tax treatment, the after-tax amount is disclosed
separately, with this then being the amount used to calculate the earnings per share equivalent.
2023 Fourth Quarter Investor Presentation | 52 HuntingtonView entire presentation